Five Point (NYSE:FPH) Reaches New 1-Year Low - Time to Sell?

Key Points

• Five Point shares fell to a new 52-week low of $4.11, down from the prior close of $4.50, with the stock trading below both its 50-day and 200-day moving averages.
• Analyst sentiment remains neutral: Weiss Ratings reiterated a “hold (c-)” rating, and the stock has an overall average rating of “Hold” from one tracked analyst.
• Quarterly results met expectations with a loss of $0.04 per share, while revenue of $14.62 million exceeded the $8.61 million consensus estimate; institutional investors and hedge funds own 38.09% of the shares.

Five Point Holdings, LLC (NYSE:FPH - Get Free Report) reached a new 52-week low during trading on Friday. The company traded as low as $4.11 and last traded at $4.1440, with a volume of 85,752 shares trading hands. The stock had previously closed at $4.50.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Five Point in a report on Friday, July 31st. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Five Point Price Performance

The firm has a market capitalization of $615.92 million, a PE ratio of 5.84 and a beta of 1.36. The firm has a fifty day moving average price of $4.83 and a 200 day moving average price of $5.00.

Five Point (NYSE:FPH - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The company reported ($0.04) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.04). Five Point had a return on equity of 2.29% and a net margin of 45.35%. The firm had revenue of $14.62 million for the quarter, compared to analysts' expectations of $8.61 million.

Hedge Funds Weigh In On Five Point

A number of hedge funds have recently modified their holdings of FPH. Lazard Asset Management LLC acquired a new stake in Five Point in the first quarter valued at approximately $79,000. Squarepoint Ops LLC bought a new stake in Five Point during the second quarter valued at about $169,000. Flax Pond Capital LLC boosted its holdings in Five Point by 13.3% during the first quarter. Flax Pond Capital LLC now owns 141,707 shares of the company's stock valued at $686,000 after acquiring an additional 16,600 shares during the period. Lee Danner & Bass Inc. acquired a new position in Five Point during the 1st quarter valued at $823,000. Finally, Renaissance Technologies LLC grew its position in Five Point by 5.3% in the 1st quarter. Renaissance Technologies LLC now owns 270,162 shares of the company's stock worth $1,308,000 after purchasing an additional 13,662 shares during the last quarter. 38.09% of the stock is owned by institutional investors and hedge funds.

Five Point Company Profile

Five Point Holdings, LLC is a California-based real estate development company focused on creating large, master-planned communities. The company typically acquires and entitles land, develops infrastructure and public amenities, and sells residential and commercial land to homebuilders and other developers rather than constructing most homes itself.

Its major developments have included Great Park Neighborhoods in Irvine, California, and Valencia, a master-planned community in the Santa Clarita Valley associated with the Newhall Ranch project.

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